ON APRIL 14, PHILLIP Goldstein will submit the first brief to court outlining his case against the SEC’s new ruling requiring hedge fund managers to register. Goldstein, president of Kimball & Winthrop, investment managers for Opportunity Partners, a relatively small $82 million hedge fund, will argue that the SEC, as an agency, does not have the power to alter or make law.
The majority of hedge fund managers will be crossing their fingers for him – it’s hard to find an unregistered manager who supports the ruling.
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